Category Archives: Economics

The literature of experimental economics has documented that individuals consistently make voluntary payments. Two methodological questions arise from this fact. First, which are the precise drivers of this pro-social behavior and, second, whether these findings can be extended to real […]

The most distinctive feature of modern economics is probably its reliance on the methodology of mathematical model building. The final aim of scientific model building is illuminating real phenomena; furthermore, models are basically logical arguments, whose main virtue is that […]

I will end this survey of the main contributions to the economics of scientific knowledge (ESK) by discussing the works which attempt to offer a more or less systematic conception of the process of scientific discovery; in this entry, I […]

The relative wage of high-skilled to low-skilled workers began to increase in US manufacturing industries in the late 1980s, and this phenomenon was also observed in Mexico. At the same time, the US–Mexican trade as a percentage of US GDP […]

Authors: José Carlos R. Alcantud and Annick Laruelle
José Carlos R. Alcantud is a professor of Economics at the department of economics and economic history and a member of the multidisciplinary business institute (IME) of the University of Salamanca
Annick […]

It is estimated that at least 860 million people live in slums, a number that has been growing by six million a year from 2000 to 2010 (UN-Habitat 2012) . The study of slums worldwide is a very complex problem. […]

Israeli nurseries are particularly famous amongst economists (at least, amongst experimental economists). An already classical study shown that, following a ‘natural experiment’ in which some day-care centers opted for issuing a fine to parents for late children’s pickups, while other […]

This article summarizes a review of the literature presented in Sacerdote (2011) . I thank Ricardo Mora for bringing it to my attention.
The simplest model of behavioral genetics assumes that child outcomes (Y) are produced by a […]

The first known application of modern economic techniques to solving epistemic problems in science was very explicit in describing the value of a scientific theory as the difference between ‘costs’ and ‘benefits’. I’m referring to Charles Sanders Peirce’s ‘Note of […]

Competitive markets are efficient under a number of conditions. One is that the consumption or production of the commodity to be traded must not cause externalities. For instance, consider a group of firms polluting the atmosphere or the waters of […]